Data as of . Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate.
MSFO · YieldMax(R) MSFT Option Income Strategy ETF
YieldMax · Income desk
Open the live card on ETFIQOver the year to Sep 4, 2026, MSFO paid 27.9% of its starting value in cash distributions while its price fell 30.3%. With every distribution reinvested, the fund returned +0.3%. Microsoft (MSFT) returned −0.8% over the same days, so a holder was ahead by 1.1 pts. At its price on Sep 4, 2026 the latest distribution annualises to 41.2%, paid weekly. YieldMax estimates that 95% of the distribution paid Sep 4, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
| Strategy | synthetic covered call |
|---|---|
| Benchmark | Microsoft (MSFT) |
| Pays | weekly |
| Payout rate, annualised (ETFIQ) | 41.2% |
| Expense ratio (prospectus XBRL) | 1.03% |
| Cash paid, trailing 12 months (ETFIQ) | 40.0% |
| Launched | Aug 25, 2023 |
| 3 months: paid / price / total / MSFT / ahead or behind (ETFIQ) | 11.2% / +3.7% / +16.0% / +20.1% / −4.2 pts |
| 6 months: paid / price / total / MSFT / ahead or behind (ETFIQ) | 20.6% / −4.5% / +18.9% / +22.7% / −3.8 pts |
| 1 year: paid / price / total / MSFT / ahead or behind (ETFIQ) | 27.9% / −30.3% / +0.3% / −0.8% / +1.1 pts |
| 3 years: paid / price / total / MSFT / ahead or behind (ETFIQ) | 78.8% / −41.2% / +51.3% / +53.3% / −2.1 pts |
| since launch: paid / price / total / MSFT / ahead or behind (ETFIQ) | 81.0% / −39.5% / +55.5% / +58.3% / −2.8 pts |
| Return of capital, latest distribution (YieldMax 19a-1 estimate) | 94.8% |
Questions people ask
- How much has MSFO paid over the last year?
- Over the year to Sep 4, 2026, MSFO paid 27.9% of its starting price in cash distributions, while the price fell 30.3%.
- Is MSFO ahead of MSFT?
- Over the year to Sep 4, 2026, with every distribution reinvested, MSFO returned +0.3% against −0.8% for Microsoft (MSFT), so a holder was ahead of it by 1.1 points.
- How often does MSFO pay, and how much?
- MSFO pays weekly. The latest distribution annualises to 41.2% at its price on Sep 4, 2026, which is not a promise; the next one can differ.
- Is the MSFO distribution return of capital?
- YieldMax estimates 95% of the distribution paid Sep 4, 2026 was return of capital. That is a tax characterisation from the fund's own 19a-1 notice, not a measure of erosion.
- What does MSFO cost?
- The prospectus expense ratio is 1.03% a year.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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<p><a href="https://etfiq.com/funds/MSFO.html">MSFO payout bar, updated daily by ETFIQ</a></p>Cite this page. ETFIQ, MSFO on the income desk, data as of Sep 4, 2026. https://etfiq.com/funds/MSFO.html Free to use with attribution; the underlying files are at Open data.
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